Share Picks 2021 - Thread banned users post #1

dan786 · 02-02-2021 04:59PM

Brian201888 wrote: »

Shorts can cover at this price so no hope of it getting back to those levels, it's over

Yes but the whole point here is that when they cover there will be a huge spike.

VinLieger · 02-02-2021 05:00PM

Judith Great Balance wrote: »

Right folks, not good.

Glad I only bought 1.5 GME @230 so no horrible losses. The question is now should I just keep holding, or cut my losses? Decisions.

you've already lost the bulk of what you are going to, like at this stage do you care if you go from -150 to -200

cal naughton · 02-02-2021 05:01PM

cal naughton wrote: »

Also AMC up16% rumor it's next inline for the wall Street bets treatment so will open a small position.

Complete gamble looking at fundamentals however for 2021 fundamentals seem to have been replaced by retail investors deciding to not let a "Great American institution" die.

Bought 700 shares when I wrote this on the 25th at 4.64 sold 100 at 16 and the remaining 600 today at 8 overall gain of 3.2k so I think I played it well .

My gain could have been about 10k but that's the game.

Once I seen Dave Portnoy sell out who was a big cheerleader I knew the game was up. Will have a look at price closer to closing bell hoping for a bounce tomorrow

Xaniaj · 02-02-2021 05:01PM

RH has raised their buy limit to 100 as of a little while ago so interesting to see if that has an affect.

dan786 · 02-02-2021 05:06PM

Above 100 again

02-02-2021 05:08PM

VinLieger wrote: »

you've already lost the bulk of what you are going to, like at this stage do you care if you go from -150 to -200

Not really. If there will still be entertainment in it for the rest of the week I'd be inclined to hold... but if all the drama is done now then what's the point?

GME was my first ever stock and it has been fun overall. Like another poster said (sorry I can't remember your name) I have barely thought about Covid at all.

I have also learned some valuable lessons, both in terms of what not to do, and also learning a lot about terminology, markets, stock etc. Stuff I had no clue about a week ago.

Perhaps this is the foundation for what will hopefully be some much more responsible (and profitable) investing (rather than hype based gambling) in future. Delighted though that I was strict with myself in terms of what I put in and kept any losses meaningless in monetary terms.

patsy_mccabe · 02-02-2021 05:11PM

Brian201888 wrote: »

Shorts can cover at this price so no hope of it getting back to those levels, it's over

They could gave also doubled up other shorts at the high share price. Either way they're winning on a drop in share price.
They may have even traded on the up side too.

02-02-2021 05:12PM

The Reddit thread is insane.

Coneygree · 02-02-2021 05:17PM

[Deleted User] wrote: »

The Reddit thread is insane.

I feel a little bit sorry for that guy who went from 50k-40m+. He's still up millions but I feel like he's surely been influenced even the slightest bit by Reddit pressing home the hold narrative.

02-02-2021 05:18PM

Coneygree wrote: »

I feel a little bit sorry for that guy who went from 50k-40m+. He's still up millions but I feel like he's surely been influenced even the slightest bit by Reddit pressing home the hold narrative.

God... I would have bailed out long before that value!

patsy_mccabe · 02-02-2021 05:18PM

Deleted User wrote: »

The Reddit thread is insane.

Link?

02-02-2021 05:19PM

patsy_mccabe wrote: »

Link?

https://www.reddit.com/r/wallstreetbets/comments/laujs5/gme_thread_for_2221/?utm_medium=android_app&utm_source=share

Sort by new.

02-02-2021 05:19PM

People are saying now that GME is on NYSE short restriction list meaning it can no longer be shorted.

Share price halted on the way up at 120

dan786 · 02-02-2021 05:22PM

AMC also recovering gone above 8$ again

02-02-2021 05:27PM

Over 130 now, did I say the drama was over?!?

SmokyMo · 02-02-2021 05:27PM

I think people are lost in the sauce if they think reddit/wsd can actually pump a tire let alone stock market...

02-02-2021 05:28PM

Halted again

billybonkers · 02-02-2021 05:28PM

Up to 137 now, damn you Revolut!!!

VinLieger · 02-02-2021 05:29PM

SmokyMo wrote: »

I think people are lost in the sauce if they think reddit/wsd can actually pump a tire let alone stock market...

So the last 10 days didn't happen?

neris · 02-02-2021 05:29PM

Coneygree wrote: »

I feel a little bit sorry for that guy who went from 50k-40m+. He's still up millions but I feel like he's surely been influenced even the slightest bit by Reddit pressing home the hold narrative.

Im sure hes well out and pushing the hold narrative so he can dump the last few of his stock

Shedite27 · 02-02-2021 05:30PM

Get out the rockets lads, we're off

TheMilkyPirate · 02-02-2021 05:31PM

****ing revolut trying to buy for the last half hour

Xaniaj · 02-02-2021 05:31PM

neris wrote: »

Im sure hes well out and pushing the hold narrative so he can dump the last few of his stock

He's open about cashing out 14m so he's sorted for life in any case.

Mad_maxx · 02-02-2021 05:32PM

Judith Great Balance wrote: »

Halted again

just giving the institutional shorts a chance to reload :mad:

dan786 · 02-02-2021 05:32PM

neris wrote: »

Im sure hes well out and pushing the hold narrative so he can dump the last few of his stock

He cashed out 13m. Still had 3 times that left over but didnt sell (yet anyway).

02-02-2021 05:32PM

*Stock price plummets*

NYSE: zzzz....

*Stock price rises*

NYSE: Halt!!!

clones1980 · 02-02-2021 05:33PM

TheMilkyPirate wrote: »

****ing revolut trying to buy for the last half hour

Check your email. Revolut blocked gme and AMC. Cant be bought till further notice

dan786 · 02-02-2021 05:34PM

Above 150$

MuddyDog · 02-02-2021 05:34PM

are we going to the moon now?

Coneygree · 02-02-2021 05:34PM

neris wrote: »

Im sure hes well out and pushing the hold narrative so he can dump the last few of his stock

Still hadn't touched his position from early last week at close of business last night. He's cashed out enough so he or his kids will never need to work again but he's still got a heavy position to contend with.

Share Picks 2021 - Thread banned users post #1

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